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Sunday, February 3, 2013

Things you need to tell your lawyer when preparing a will

By Yasser Latif Hamdani

Following documents and lists are required for the will:

a. A complete list of all your assets, including bank accounts, securities, bonds, business ownership, money owed to you as well as your valuable personal effects such jewelry, furs, art objects and the like.

b. An itemization of your real estate together with its value and any joint ownership.

c. A list of your obligations i.e. mortgages, loans etc.

d. Any inheritance your expect to receive before your death.

e. A statement of any instruments such as trusts and wills of others in which you have the power to appoint.

f. A statement of approximate income and general standard of living over the past few years.

g. Records of insurance of all kinds.

h. Family information, such as ages, state of health, adopted children, marital problems, family feuds etc.